Six Stocks Making Huge Moves

With the upcoming release of Federal Reserve minutes, markets have traded close to flat on the day. Two big retailers, Abercrombie & Fitch and Best Buy, are making big moves in opposite directions.Here are today’s winners and losers.

Winners:

Abercrombie & Fitch (ANF): Up 4.4 per cent —Abercrombie announced a big share buyback program and cuts in Europe, which was exactly what investors wanted to hear.

Best Buy (BBY): Down 7.4 per cent — Smaller rival brick-and-mortar retailer Hhgregg posted a poor earnings report that has led to its stock losing over a third of its value, and dragging Best Buy down with it.